MIRA INFORM REPORT

 

 

Report Date :           

04.11.2011

 

IDENTIFICATION DETAILS

 

Name :

REDICON TEC (S) PTE LTD

 

 

Registered Office :

30 Marsiling Ind Estate Road 5,#05-01,Singapore 739211

 

 

Country :

Singapore

 

 

Date of Incorporation :

04.07.2000

 

 

Com. Reg. No.:

200005826G

 

 

Legal Form :

Limited Exempt Private Company

 

 

Line of Business :

Manufacture and trade of clean room equipment.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 10,000

Status :

Moderate

Payment Behaviour :

No Complaints

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Singapore

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Contact Points

 

Company Name:

Redicon Tec (S) Pte Ltd

Supplied Name:

Redicon Tec (S) Pte Ltd

Trading Address:

30 Marsiling Ind Estate Road 5,#05-01,Singapore 739211

Supplied Address:

No. 30 Marsiling Industrial Estate, Road 5, #05-01, Singapore 739211

Telephone Number:

+65-6748-8826

Fax Number:

+65-6748-1662

E-mail:

Richard@redicon.com.sg

Note:

The exact address is as above.

 

Credit Summary

 

Credit Rating:

Maximum credit USD 10,000

Credit Opinion:

Business connections are permissible.

 

 

Company Identification Details

 

Registered Name:

Redicon Tec (S) Pte Ltd

Registered Address:

30 Marsiling Ind Estate Road 5,#05-01,Singapore 739211

Date of Registration::

2000-7-4

Registered Number:

200005826G

Country of Incorporation:

Singapore

Paid-up Capital:

SGD 800,000.00 (USD 627,087) = 800,000 Shares@1 SGD

(As of 2011.11, 1 SGD = 0.78386 USD)

Legal Form:

Limited Exempt Private Company

Principal Activities:

Manufacture and trade of clean room equipment.

Staff:

N/A

Status:

Live Company

Listed at Stock Exchange:

No.

Date of Last Annual Return:

2011-7-30

Note:

The staff number is not available from the subject or other sources.

 

 

History

 

Subject was incorporated on 2000-7-4 with registered number 200005826G as Limited Exempt Private Company in Singapore.

 

 

Shareholders

Unit: SGD

Name

Subscription Amount

Proportion of Investment (%)

SNG KIAN WAH JASON

800,000

100%

Total

800,000

100%

 

Major Shareholder Information:

Name:

SNG KIAN WAH JASON

ID Number:

S7043926C

Address:

771 Woodlands Drive 60 #07-192 Singapore 730771

Nationality:

Singapore Citizen

 

 

Subsidiaries & Branches

 

Subject did not register any subsidiaries or branches, from other source we can not obtain the relevant information, either.

 

Manage Information

 

Core Management

Detailed Information of Management:

1

Name:

TAN TIEN POH MARK

Position:

Secretary

ID Number:

S1355131F

Address:

326 Tampines Street 32 #09-386 Singapore 520326

Nationality:

Singapore Citizen

Date of Appointment:

2009-7-23

2

Name:

SNG KIAN WAH JASON

Position:

Director

ID Number:

S7043926C

Address:

771 Woodlands Drive 60 #07-192 Singapore 730771

Nationality:

Singapore Citizen

Date of Appointment:

2000-7-4

 

 

Operation Information

 

Offices & Factories

 

Office

Address:

30 Marsiling Ind Estate Road 5,#05-01,Singapore 739211

 

Production Information

l         Subject is a manufacturer of clean room equipments with some production activities

 

Purchase

l         The registered activities of subject:

Business Code

Details

46900

General Wholesale Trade (Including General Importers And Exporters)

46100

Wholesale On A Fee Or Contract Basis (Eg Commission Agents)

 

l         The components and raw material for production are purchased from both local and abroad

 

Sales Information

l         Subject is mainly involved in trading of clean room equipment.

l         Subject introduced that the products are mostly manufactured by themselves, but some special products are purchased from other companies.

l         Subject introduced that the selling territory covers all over the world.

 

 

Settlements

 

Purchase

Domestic Markets

Products

Payment Terms

Proportion

Raw material

COD, Credit sales, etc

100%

 

Overseas Markets

Products

Payment Terms

Proportion

Raw material

CBD, etc

100%

 

Sales

Domestic Markets

Product

Sales Terms

Proportion

Clean room equipment

CBD, etc

100%

 

Overseas Markets

Product

Sales Terms

Proportion

Clean room equipment

L/C, T.T, etc

100%

 

Financial Information

 

The latest financial information is not available from the subject or other sources.

 

 

Bankers

 

The bankers’ information is not available from the subject or other sources.

 

 

Public

 

Charges

Charge 1

Charge Number:

C201005613

Date of Registration:

2010-7-3

Name:

STANDARD CHARTERED BANK

Amount Secured:

All Monies

Charge 2

Charge Number:

C201111700

Date of Registration:

2011-9-19

Name:

UNITED OVERSEAS BANK LIMITED

Amount Secured:

All Monies

 

 

Interview Details

 

Name:

Mr. Richard

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.37

UK Pound

1

Rs.78.50

Euro

1

Rs.67.59

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.